Bitcoin Forum

Can someone explain the concept of Bitcoin halving? I've found this timer http://www.bitcoinblockhalf.com/ so what does it acctualy mean besides the halved rewards for the block? Will it affect the price of bitcoin in some way?

now there is a margin for soem profit of miners, but this margin will become less due to the diff catching it and because the halving is near, this mean that the price will increase, if not by regular demand

it will increase because of miners manipulation, either way you can expect a price increase

The only change set in stone will be halving of the mining reward.

Speculators expect that the price goes up due to less coins being dumped, but this does not have to be true. Miners are still earning much more than barely breaking even now. Also, bitcoin is not only about satisfying the miners, so there is no guarantee that the price will increase.

Prior to halving there may be a nice rally. I don't expect the price to sustain the new levels after the halving though.

Also once everyone starts selling for profit then the price will come down again before stabilizing to a new price range and at such price, nobody knows.

Please tell me about bitcoin halving in detail

This is just my understanding about halving block rewards.. halving block rewards means for me the block/ or we can call a stone the will be half for every stone their crack. So the bitcoin inside from the stone is half. Thats why they call it halving block rewards...
So if the bitcoin inside the stone is 1 bitcoin so after halving ends it will turn to 0.5 bitcoin...

Price is driven by speculation. So in essence the future output of Bitcoin will be a supply and demand issue. If demand increases and output decreases price should go up.

BUT other factors are at play this time compared to the last halving/ bubble. Like Hard/soft fork around the blocksize.

I tend to think another bubble will happen soon, but many say that the price is factored in this time.

lets see, the current bitcoin reward per block mined is about 25 bitcoins, and after the halfing itll go to 12.5btc. so yes it will definitely affect the price of bitcoin imo. the supply is decreasing by a factor of 2.

Having scares me less after doing some math.   It scares me a little more about current difficulty changes though.  Do you know amount mined essentially already haved since Jan 13?

Feb 19 2016   163,491,654,909   13.44%   1,170,318,852 GH/s
Feb 07 2016   144,116,447,847   20.06%   1,031,625,717 GH/s
Jan 26 2016   120,033,340,651   5.89%   859,232,121 GH/s
Jan 13 2016   113,354,299,801   9.12%   811,421,684 GH/s
total      48.51%   


I had not did the math till today.  But that is a scary amount in 4 difficulty periods 48.51 percent change.   That is a LOT of change in not a ton of time.  So maybe having is not as big of deal with us going through changes like this.  Hard to say having is still pretty far away in mining terms.

So This means miners are crazy for more btcs because they expecting good price?

Halving is not big story Its just reduction of making bitcoin and mining, Due to that demand will happen in world about bitcoin then automatically bitcoin will reach to all and then price will be in that Rate. Approximately 800$ at least.

We can't count on price to double to many variables.   I would love if we get double at having.... but it is FAR from a sure thing "Due to that demand".  Sure we might double... then again we might lose miners decide to stop whole thing goes crazy.

No one can speculate good enough to give good price at having.  It truly is a long time away in crypto currency time.

Of course it will, its supply and demand, basic rule, supply will decrease by half and demand will not decrease, so price MUST go up :)

What i know is bitcoin halving will affect the price of bitcoin. many people speculate the price of bitcoin will increase and i hope it will happen. and what happened to the bitcoin price today, is it because halving ?

I remember when the first halving happened. I got drunk and forgot about it. BTC was the same price the next day. 8)

I remember some Doge and Litecoin halvings.

Some I forget about, but I remembered after I saw strange pump and dump moves that coincided with the halving time

It is all about supply and demand... Many people think the halving in the block reward, will reduce the amount of coins that will be generated and

supplied from the miners side. They will also have to sell more coins to cover their expenses and hoard less. This is basically the theory behind this and

all the speculation going around about it. Anything can still happen on the buyers side {Bad press / scandals etc.}... so a price increase in not 100%

guaranteed.

I predict a steady increase in the price, working it's way up to the halving and then a sell off just after the event, when people predict that it would be

at it's highest and the best possible time to sell.... then the price would level out again for a while.

Basically deflation, the block reward will be halved from 25 BTC to 12.5 BTC per block. Some argue that the price of BTC will rise, some think it's not necessarily going to cause a price rise.

This it will not be like that dude. It's all because demand and adaption. If you take first halving's time. There was not big demand for bitcoin that time but now situation is different.

There is not that big of a difference.   Bitcoin's price is based on a open market.  Do I think they will switch price to double due to having... no not quickly.  Long term no one knows.

But it already is a free market on price your giving to much power to having.  Have you seen difficulty for miners go up? Does it mean less coins mined for normal miners (or at least coins hitting market quicker) ... yes and is it always directly reflected in price.... no.  So we have many things showing you are wrong.

Bitcoin will be much harder to get once it gets close to 21 millions due to halving. :(

Last time when halving was done, the price rose to 1000$.
What you think was the reason then for price increase?

I still hopefull, the same thing will happen this time on halving.

"Bitcoin block reward halving" is the process of coin rewards riduction during the existence of Bitcoin.

As you may know bitcoins are "produced" by miners which "solve and find" blocks. When a block is found (or "mined") the miners of the network who helped finding the blocks with computational power are rewarded with Bitcoins.

At start bitcoin's block reward was 50 BTC x block, but ever X blocks it halves (i.e. it get less and less) by the exact half of the previous block reward.
 In example nowadays we just passed the first halving from 50 BTC to 25 BTC per block, infact the actual BTC block reward is 25 BTC x block.

For more informations you can read this: https://en.bitcoin.it/wiki/Controlled_supply#Projected_Bitcoins_Long_Term

Hope this helps.

_Crypt1x_

The bitcoin ecosystem is too unstable to hold up a price double after the halving. If it does, I'm out. All of my 21 BTC will be withdrawn. There will be a drop. It's understandable for bitcoin to go up to $600 max, but $800 is to high for the community to keep up.


We did not just experience the halving. We are just about to experience the next

Speculation this far away from having is just to hard.  Likely investing if it happens will happen before and not one huge jump.   We know having is happening so it's not going to sneak up on miners/btc holders.

But as far as price it is way to hard know what it will be.  There are just to many variables to accurately predict having price currently, or I think so at least.

Price rising due to fact everyone believe in this must happen.
This creating more demand for bitcoins, and again price rising.
I believe whales will bring us some surprises. I hope i will be on the train with them.

If we talk for a real what is real price for bitcoin now?

Real price is what is determined by the market requests...so it means the price it actually has...

IMHO it's still undervalued and i think that in near future (who knows if months,years or decades) it will stand for sure above 1000 dollars US.

How we defining price today?
By cost of electricity or by the actual price at free market, where is manipulated whole the time.
Can we actually set an agreement how much btc can worth? For example 1k$ and this is it.
Can we see some stability after halving?

if you want to play with halving, you should awareness bitcoin's price, when it will be up and down. it will depend on your lose and profit.

I heard BTC halving can make the price of bitcoin increase. Well i don't know what is BTC halving, but if it's true, i hope btc halving can surely make the price of bitcoins going high.

The last halving made the price increase however it is unsure if it is related to the halving or it could be just a coincidence that a pump happened few weeks after the halving so there is no 100 % theory that shows the price will increase after the halving. After all this is just an expectation based on what previously happened

Where can i find info about all future block halving and when they gonna occur?
And how many coins block should contain at thet time.

Personally, I think the price can reach at least +50%, ideally it would be +100%, however that wont be immediate.

Merchants and investors have to get used to it, so it might take longer for price doubling.

The block reward halving happens every 210000 blocks. You can see more at https://en.bitcoin.it/wiki/Controlled_supply

I agree on not being immediate.  If anything we should see signs before having. With it being known investors know LONG before it is going to happen.  How much though... that is hard to say.

Just impossible to have good speculation that far away.  No one really can give a accurate anwser it's a guess at this point.

I think BTC halving meaning the block reward will be half. the 25 btc  rewards from a 1 block will half so the reward will be 12.5
Is just my understanding. That's why the price will increase after halving.. Less supply more value will increase..

Halving represents the reduction in generation of bitcoins. This happens every four years with certain limitations. Every time halving occurs there will be a increased demand with decreased generation which causes the price fly high.

so, it means if number of miners will be the same, we will get almost half of btc, we are getting now. its true?

the miners are people with devices who are mining bitcoin, so halving does not have any effect on that. if they decide to stop or add more devices to their farm the number changer.

what is changing is the "newly generated bitcoins" which is the reward those people get for mining one block successfully. that reward is 25BTC right now but it is going to become 1/2 (half) of what it is. so after the halving those guys are being rewarded 12.5BTC for their work.

and how many minutes does one antminer s7 needed to mine one block today's?

you should wait for halving because it is coming after 4 months later, and used it, automatically you will know about this. its a good way to get profit.

Because the demand at that time is not really that big, hence the impact on the price is almost unnoticeable :)
But, times has proved that the demand is increasing as more companies are adopting bitcoin as their method of payment
I'm Positive this year's halving will be different :)

The bitcoin reward halving will reduce the supply of new coins. So the supply of new coins will reduce. If the demand is the same, the price will rise.

I fell like your trolling with one post and it being this.   The fact is all the pervious coins are out there.... so there are a LOT of coins out there for demand.  Having will not sneak up on us investors know it is coming.

We hope  price will rise.... but there is no way to prove it 100 percent.  Speculation is hard anymore just look at difficulty of miners which is highly linked to new coins... it's been crazy +20 then maybe a negative this turn.  Those are big changes no one could have predicted.

I don't expect a sudden price increase. I expect an increase anticipating the halving, and after the halving we'll see if the new price can be sustained.

I just add that after previous halving price didn't rise at all, it went down slightly. We may argue that at that time bitcoin market wasn't that saturated and market cap was a lot lower.
But you have to consider that halving alone is not enough to push the price of BTC. There is a lot coins in circulation already (+15 millions). Do we need more supply?

the supply that changes the price is not the total number of bitcoins in circulation.
it is the number of bitcoins that are being traded (sold) buy owners of those coins. 15 million or whatever the amount is consists of lost coins, satoshi coins which will be untouched, a lot of bitcoin holders, many services and businesses that are holding bitcoin and working directly with it,... so it does not mean all those coins are being sold each day that create a big supply.

Yep. I'm going for this. I'm not exactly speculating a shoot up increase on the values. But slowly and sustainable.

on the contrary, a lot of bitcoin speculators are anticipating a big price jump because of the block halving. although it is all speculation and not 100% but there is a good chance that this can happen.

besides the anticipation will cause a lot of demand in the market from investors buying bitcoin in order to keep up with the changes and not get left behind. so as the result the price is most probably going to enter bubble only if there is some sort of initiation and a couple of issues like block size debate get solved.

It is not all speculation because this thing happened before in the past. If the same thing happened in the past then there is a good chance that it will happen once again. People tend to repeat history over and over again ( or foolishness ) because they want to get a good grip of the profit gained from the last bubble

Yeah that is common right.  People will like to know about how future rate of bitcoin. They will not easily let about bitcoin price.  Because most of the people are curious about the bitcoin price.

The future rate of bitcoin is not predictable and so does everything else so people always like to speculate. Actually by posting speculation like this some people will got affected by it and people could start buying therefore the price would increase alittle by little, thats the reason why the price has increased alot since last month

With the halving, the price will rise, thats why many people are holding their bitcoins at this moment.
It's nice to keep an eye out for the date of the halving.

The ABC of price creation ;)

Unfortunately, it is not that easy. There is a lot of speculation and I guess the halving has already priced in.

And it is sad so many have posted this in beginner section.  Having does not guarentee profit's.  We hope it does... and can speculate it will.  But investors know about having LONG before it ever happens.

So investors factor it in long before.  It does not sneak up on us.  And miners once it haves ... could cause issues depending could cause losses even.   I am not expecting day of having to be a great day where we see huge swing... just does not work like that.  Far from that simple.

I have to agree with you on this, we do not need that amount of coins added daily, but as the adoption increase, we might see a bigger demand later. I think the timing for the halving is excellent, and it would boost the price when the demand was relatively low. The higher the price, the bigger the demand due to speculators wanting to get in and also more press coverage.

I think this halving are going to have a significant impact on the price and many people outside of Bitcoin are going to sit up and notice, even before the scheduled event happens. ^smile^ 

its really gonna happen?bitcoin price will rise?how far the price will rise?i saw some peoples said that on bitcoin halving is unpredict for bitcoin price,its can down also can rise,which one was corect statement?

Since a few days, Bitcoin Core 0.12.0 is available. Also since a few days, transactions take much longer to be confirmed. The new Bitcoin Core has a much higher recommended fee. I think this is the cause of the delays: if you don't join the higher fee, you lose priority.
I just saw this block (https://blockchain.info/block/000000000000000002ef71e85fb75d4cf3d3bc881941e1790f7938eb9095aee8) being mined: 25 BTC block-reward, and 4.67004169 BTC fees. That is 2000 dollar or almost 20% of the block reward! Are miners using the limited block size to force users to pay much more, so the halving will hurt them less?

I know this block had much more fees than average, which is why I picked this one to demonstrate.

I could be wrong, but I don't think miners are deliberately doing anything about the halving in your example -  they have always been free to include 0, or hundreds of TX's in a block. It's just another mined block, except this one has more TX's than most - This is of course, a good thing - it means more tx's got confirmed faster, and the miners made more $/bitcoin. The more tx's in a block the better, IMO, both for the users, the miners, and the network, regardless of any mandatory fee size changes. Disclaimer: I'm not a miner. :)

i agree, i don't think this situation with the unconfirmed transactions and the higher fee requirements is not on purpose. it has happened before, it is simply because of the massive transactions and limitation of block size to 1mb right now.

What we will get with block size of 2mb? Blockchain 100 gigabytes?
Who will run nodes anyway?

blockchain growing is not a problem you can use prune and cut almost all the giga, there is not even need to use svp client anymore

core is everythign you need, minus those offline feature

Bitcoin halving is very near. As halving comes closer the price of Bitcoin will decrease continuously and it goes high after halving.

The halving will reduce the mining reward to half the coins in a block. So Miners will start receiving 12.5BTC instead of the current 25 bitcoin block reward.
It will affect the price somehow because it will affect directly the quantity of bitcoin supply

It is still about 4 months away. So the price is in the lower $400 ranges. When it is near the halving date, the price will rise.

Time surely goes faster than what you are expecting, 4 months is not a huge amount of time. The current price doesnt indicate that it will be higher when the halving comes as we are almost 100 % higher than the price from the last 6 months and definitely this rise in the price is because of the halving so there wont be any huge difference when halving truly comes

That's not necessarily true. People, especially Bitcoin newbies with hopes of making a quick profit from the halving should be careful not to invest more than they can afford to lose. If it were a sure thing, everyone would be selling their houses and buying Bitcoin and tripling their money just like that. Everything about the halving is pure speculation, the price may or may not rise.

Yeah I would agree with that and price will get increase accordingly to supply and demand of bitcoins. halving will make big change in Bitcoin adoption and value.

I don't think the price will grow when it gets closer to halving. I think bitcoin will experience a sudden  increase on halving.

I hope it does increase the bitcoin price and the demand remains stable or increases which can help the price move upward. It may take a longer time to confirm transactions if the miner's reward decreases and we can already see the effect now. Hope it doesn't cause many users moving away from bitcoins.

the fact that the bitcoin halving is coming soon has been mentioned many and many times in both economics and beginners and help sections. the concept for the halving is quite simple but effective to push the bitcoin price up. If the demand stays constant and the supply suddenly drops despite being foreseen, this will push the price up and keep bitcoin alive or at least that's what we all speculate

Yes. The bitcoin price is determined eventually by the supply and demand. If the supply halves, but the demand does not increase, the price will still not rise.

The concept is simple, rewards are going to get halved...
But not necessarily will this push the price up, as it could even have negative effects, people could leave BTC as they might not find it comfortable to either mine or trade at such high/low prices whatever we will witness...

Absolutely nothing can be in accurate with bitcoin technology. Only when block halving is experienced we would know about the pricing factor. Surely bitcoin price won't make users feel uncomfortable in trading or mining because already in the past it has felt very low price and a huge on the past halving.